1,219 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by MBA Advisors LLC

MBA Advisors LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,219 shares of the company's stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EG. Sunbelt Securities Inc. bought a new stake in shares of Everest Group in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the fourth quarter worth approximately $31,000. Tsfg LLC bought a new stake in shares of Everest Group in the first quarter worth approximately $33,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the fourth quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Everest Group by 79.1% in the first quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock worth $56,000 after acquiring an additional 68 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EG has been the subject of a number of research analyst reports. Raymond James Financial reiterated a "strong-buy" rating and issued a $410.00 price target (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Barclays raised their price objective on shares of Everest Group from $394.00 to $398.00 and gave the stock an "overweight" rating in a report on Monday. Janney Montgomery Scott started coverage on shares of Everest Group in a report on Friday, June 20th. They issued a "buy" rating and a $425.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley raised their price objective on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $400.67.

Insiders Place Their Bets

In other news, CEO James Allan Williamson bought 1,000 shares of Everest Group stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the completion of the purchase, the chief executive officer owned 25,618 shares in the company, valued at $8,658,115.46. The trade was a 4.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Everest Group Price Performance

Shares of EG stock traded down $3.44 during mid-day trading on Monday, hitting $334.04. The company had a trading volume of 243,605 shares, compared to its average volume of 403,263. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The stock's 50 day moving average price is $342.38 and its 200-day moving average price is $349.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $14.21 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.26 and a beta of 0.51.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a return on equity of 5.95% and a net margin of 4.88%. The company had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the firm posted $16.32 EPS. Everest Group's quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, May 28th. Everest Group's dividend payout ratio is presently 41.15%.

Everest Group Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.